Victory Capital (NASDAQ:VCTR) Downgraded by ValuEngine

Victory Capital (NASDAQ:VCTR) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.

Several other equities research analysts also recently weighed in on VCTR. Oppenheimer initiated coverage on shares of Victory Capital in a report on Tuesday, June 11th. They issued a “market perform” rating for the company. Zacks Investment Research downgraded shares of Victory Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 16th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Victory Capital in a report on Tuesday, July 23rd. Royal Bank of Canada upped their price objective on shares of Victory Capital to $19.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. Finally, Morgan Stanley downgraded shares of Victory Capital from an “overweight” rating to an “equal weight” rating in a report on Thursday, April 11th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. Victory Capital currently has an average rating of “Buy” and a consensus target price of $17.06.

VCTR stock traded down $0.28 during trading on Thursday, hitting $17.57. The company had a trading volume of 64,194 shares, compared to its average volume of 103,402. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 12.32 and a beta of 1.60. The firm has a 50 day moving average price of $18.03. Victory Capital has a fifty-two week low of $7.27 and a fifty-two week high of $19.96. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.57.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. The business had revenue of $87.48 million during the quarter, compared to the consensus estimate of $91.04 million. Victory Capital had a net margin of 17.10% and a return on equity of 23.34%. As a group, equities analysts predict that Victory Capital will post 2.26 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC lifted its holdings in Victory Capital by 167.7% in the 4th quarter. Squarepoint Ops LLC now owns 33,574 shares of the company’s stock valued at $343,000 after acquiring an additional 21,034 shares during the last quarter. First Trust Advisors LP lifted its holdings in Victory Capital by 32.3% in the 4th quarter. First Trust Advisors LP now owns 25,929 shares of the company’s stock valued at $265,000 after acquiring an additional 6,328 shares during the last quarter. Globeflex Capital L P acquired a new stake in Victory Capital in the 1st quarter valued at about $90,000. Bank of New York Mellon Corp acquired a new stake in Victory Capital in the 4th quarter valued at about $711,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Victory Capital by 452.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 193,219 shares of the company’s stock valued at $1,973,000 after acquiring an additional 158,242 shares during the last quarter. 14.65% of the stock is owned by institutional investors.

Victory Capital Company Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.

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Analyst Recommendations for Victory Capital (NASDAQ:VCTR)

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